Nwaogu Launches Program for Early-Stage Entrepreneurs

By Dipo Olowookere Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break. The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed. Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis. As a result, they liquidated their shares, leading to a negative market breadth

By Dipo Olowookere The domestic currency had a breather in the peer-to-peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, with its value strengthening against the Dollar at the two windows. This was supported by the ease in the forex demand pressure during the trading session, which had the official market, the Investors and Exporters (I&E) arm of the market, non-operational yesterday due to the public holiday observed in the country for Eid el Maulud. Many customers who may have needed FX for their transactions stayed back to enjoy the work-free day, easing off

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Adedapo Adesanya The Artisan Fishermen Association of Nigeria (ARFAN) has called on President Muhammadu Buhari to intervene in compensation owed its members for the 2011 Bonga oil spill incident. The association wants the President to compel Shell Nigeria Exploration and Exploration Company (SNEPCo) to pay the compensation fine imposed on it by the National Oil Spill Detection and Response Agency (NOSDRA) for the spill which occurred more than 10 years ago. The group recalled that the Bonga offshore oil field, operated by SNEPCo, discharged 40,000 barrels of crude oil into the Niger Delta coastline of the Atlantic Ocean in

By Modupe Gbadeyanka Wife of Nigeria’s President, Mrs Aisha Buhari has commissioned a mobile clinic programme to provide basic and essential health care services to people, especially those living in hard to reach areas of the country. According to Mrs Buhari, the programme is part of the humanitarian services that Future Assured provides to underprivileged Nigerians especially those that reside in the remotest parts of this country. Speaking at the commissioning on Wednesday, March 1, 2017 at the State House, the First Lady said, “With the commissioning of this vehicle, organizing the medical outreach done frequently by Future Assured to

By Modupe Gbadeyanka A trade mission led by the Foreign Agricultural Service Deputy Administrator, Mr Mark Slupek, arrived in Cairo on April 2. Over 40 American business representatives plan to meet with senior Egyptian government and private sector officials to discuss ways to expand agricultural trade between the United States and Egypt. Coordinated by the Embassy’s Office of Agricultural Affairs, the visit will include briefings, one-on-one meetings, and site visits. “The potential for market expansion in Egypt is great,” said Deputy Administrator Slupek. “This is the first time we’ve led a trade mission to North Africa, we’re hoping that we’re

By Dipo Olowookere Premier League club, West Bromwich Albion, have sacked Mr Tony Pulis as their manager after a 4-0 thrashing at home by last season’s champions, Chelsea Football Club. As a result of this development, former West Brom manager, Mr Gary Megson, who had been Pulis’ Assistant, has been announced as the caretaker coach “until further notice.” Mr Pulis is the fifth manager to be sacked by an English top-flight club since August 2017. Chairman of West Brom, Mr John Williams, explained that, “These decisions are never taken lightly but always in the interests of the club. “We are

By Adedapo Adesanya The trading of unlisted securities at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday was bearish as a result of the 1.61 per cent recorded at the session. This trimmed the NASD Unlisted Security Index (NSI) by 12.38 points to 756.04 points from 768.42 points recorded at the previous session. It also reduced the market capitalisation of the bourse by N8.8 billion yesterday to N537.40 billion from N546.20 billion it ended on Monday. Business Post reports that the loss posted by the unlisted securities market was caused by the decline in the prices of Central Securities Clearing

By Dipo Olowookere The Indian Council for Cultural Relations (ICCR) has announced the offering of 27 slots to Egyptian students under its Africa Scholarship Scheme for studying Under-graduate, Post-graduate and PhD courses in various Indian Universities/Institutes. Interested students have been advised to register and apply on the ICCR A2A Scholarship Portal and submit the Application to the Embassy. The council said an applicant has to register and apply online on the ICCR Scholarship Portal “Admission 2 Alumni” at http://205.147.97.190/iccr/home/scheme. After completing all the details and successful online submission, a printed copy may be sent, along with necessary enclosures to the

By Dipo Olowookere The first trading session of the week at the Nigerian Exchange (NGX) Limited started on a positive note on Monday as the equity market appreciated by 0.20 per cent at the close of business at 2:30 pm. The bullish performance was driven by the gains in the share prices of Seplat, GTCO, United Capital and others, increasing the market capitalisation by N56 billion to N28.214 trillion from N28.158 trillion as the All-Share Index (ASI) gained 104.82 points to close the session at 52,319.94 points compared with the preceding session’s 52,215.12 points. United Capital released its half-year earnings